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Check your setup settings (BIOS) to make sure your booting from the correct drive. If the computer is trying to boot from the cd drive or USB, rather than the hard drive, you will receive this error message.

NTLDR missing is typical of Windows not findind some system files during the boot, I believe nothing wrong with the hardware.

First enter in the BIOS and be sure that in the boot device list you have the CD or DVD before the HDD.Second Boot the PC from CD with the Windows CD and try to repair the Windows installation.

http://download.lenovo.com/pccbbs/mobiles_pdf/45n3684_01.pdf

To enter the BIOS Setup Utility, do as follows: 1. Turn on the computer. 2. When the Lenovo logo comes up, immediately press F2 to enter the BIOS Setup Utility.Note: If the customer has set a supervisor password, the BIOS Setup Utility menu appears after the password is entered. If the customer has set a user password, you can start the utility by entering that password; however, you cannot change all of the parameters.

The "NTLDR is missing", error displays very shortly after the computer is first started; after the Power On Self Test (POST) is complete. Windows XP might only initially load when the NTLDR error message appears. Causes of this error message include corrupt and misconfigured files, hard drive and operating system upgrade issues, corrupt hard drive sectors, an outdated BIOS, and damaged or loose IDE cables. Get more help and information for Windows XP hope this helps you.

Below are the full error messages that may be seen when the computer is booting.

NTLDR is MissingPress any key to restart

Boot: Couldn't find NTLDRPlease insert another disk

NTLDR is missing Press Ctrl Alt Del to Restart
Causes:

Computer is booting from a non-bootable source.

Computer hard disk drive is not properly setup in BIOS.

Corrupt NTLDR and/or NTDETECT.COM file.

Misconfiguration with the boot.ini file.

Attempting to upgrade from a Windows 95, 98, or ME computer that is using FAT32.

New hard disk drive being added.

Corrupt boot sector / master boot record.

Seriously corrupted version of Windows 2000 or Windows XP.

Loose or Faulty IDE/EIDE hard disk drive cable.

Failing to enable USB keyboard support in the BIOS.

Windows XP users

Insert the Windows XP bootable CD into the computer.

When prompted to press any key to boot from the CD, press any key.

Once in the Windows XP setup menu press the "R" key to repair Windows.

Log into your Windows installation by pressing the "1" key and pressing enter.

You will then be prompted for your administrator password, enter that password.

Copy the below two files to the root directory of the primary hard disk. In the below example we are copying
these files from the CD-ROM drive letter, which in this case is "e."
This letter may be different on your computer.

copy e:\i386\ntldr c:\copy e:\i386\ntdetect.com c:\

Once both of these files have been successfully copied, remove the CD from the computer and reboot.

You need to set time and date in BIOS.Press the blue Access IBM button when the message "To interrupt normal startup, press the blue Access IBM button" is displayed to enter the ThinkVantage Productivity Center, then select Start setup utility to open the BIOS Setup Utility.

Reference number: CH000465
NTLDR is Missing.
Issue:NTLDR is Missing.Related errors:
Below are the full error messages that may be seen when the
computer is booting.
NTLDR is MissingPress any key to restart
Boot: Couldn't find NTLDRPlease insert another disk
NTLDR is missing Press Ctrl Alt Del to Restart
Cause:

Computer is booting from a
non-bootable source.

Computer hard disk drive is not
properly setup in BIOS.

Corrupt NTLDR and/or
NTDETECT.COM file.

Misconfiguration with the
boot.ini file.

Attempting to upgrade from a Windows 95, 98, or ME computer
that is using FAT32.

New hard disk drive being added.

Corrupt boot sector / master
boot record.

Seriously corrupted version of
Windows 2000 or Windows XP.

Loose or Faulty IDE/EIDE hard
disk drive cable.

You can go to these sites to view solutions (to much to post here) Very easy to understand:http://www.computerhope.com/issues/ch000465.htm

Computer hard disk drive is not properly setup in BIOS
Verify that your computer hard disk drive is properly setup in the BIOS / CMOS setup. Improper settings can cause this error. Additional information on how to enter the BIOS / CMOS setup can be found in document CH000192.

First check your bios & make sure it see's your hard drive & it's setup correctly. If it is there could can be other reasons for the missing NTLDR.
Suggest you take you Windows CD and boot to it. If your CD does not boot. Re-start the PC & start pressing the F8 key every two seconds. This will bring up a boot menue. Choose your cdrom drive.
Once in the Windows XP setup menu press the "R" key to repair Windows. Log into your Windows installation by pressing the "1" key and pressing enter. You will then be prompted for your administrator password, enter that password. Copy these two files to you Hd. copy e:\i386\ntldr c:\
copy e:\i386\ntdetect.com c:\
Replace the drive letter listed above for your cdrom's drive letter.
Once copy has been complete re-boot your Pc.
If you still get missing NTLDR. Do a complete reinstall of windows. Your personal data should stay intact.
Please post back if this has not fixed missing NTLDR, there are more fix's that can be applied. I only listed the most common.